malach hamovess

How About Sears Holdings as a REIT?

sears as a reit would have sears and kmart stores as the primary tenants. these stores have been doing horribly and are probably losing money now. thus, a reit based on the sears real estate might be worth a lot less than presented above.

a top retailer - target - was evaluated for splitting off the r/e; even with great leases, the parts are not going to be greater than the whole, particularly when as in sears' case, the retail segment is pure drek